CMT Group – Loan Maturity Profile
1
S$ million
%
Within a year
799.5
24.7
After 1 year but within 5 years
912.8
28.2
After 5 years
1,526.4
47.1
3,238.7
100.0
1 Amounts include foreign currency denominated notes which have been swapped into Singapore dollars.
As at 31 December 2014, 24.7% or S$799.5 million of CMT Group’s borrowings will mature in 2015.
CMT has sufficient internal resources and existing bank facilities to cover the repayments due in
2015. The manager of CMT (Manager) will continue to adopt a rigorous and focused approach to
capital management.
On 5 February 2015 and 9 February 2015, CMT MTN issued HK$1.104 billion 12-year fixed rate notes
and ¥8.6 billion eight-year floating rate notes under its MTN Programme which were swapped into
S$192.8 million and S$100.0 million at fixed rates of 3.25% and 2.85% per annum respectively.
Aggregate leverage was 33.8% as at 31 December 2014 as compared to 35.3% as at 31 December
2013. Average cost of debt for CMT Group as at 31 December 2014 was 3.5% per annum, same as
that as at 31 December 2013.
The Manager is also committed to diversifying funding sources in order to optimise distributions to
Unitholders, and will continue to review its loan profile to reduce refinancing risk and extend the debt
maturity profile.
Leading with Confidence | 75
